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Hearing Aid Clinics in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hearing Aid Clinics Market Research Report | Life Sciences | Healthcare Services | Jul 2014

Loud and clear: An aging population and greater healthcare access will ring in demand

IBISWorld’s Hearing Aid Clinics market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Amplifon USA Amplifon USA market share
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 09-14
3.4%
Annual Growth 14-19
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Profit
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Employment
12,796
Businesses
6,221
Industry Analysis & Industry Trends

The Hearing Aid Clinics industry has contracted slightly during the past five years as declines in insurance coverage and consumer income combined with rising hearing aid prices. During the next five years, however, the industry is expected to improve, largely due to the implementation of the Patient Protection and Affordable Care Act. In addition, the number of individuals suffering from hearing deficiencies is expected to remain high as a result of the diabetes epidemic, the rising use of mobile music devices and an aging US population.... purchase to read more

Industry Report - Industry Key Buyers Chapter

Although market share concentration in the Hearing Aid Clinics industry has increased over the past five years, it still is at a low level. Most firms have very little market share and employ fewer than five people. IBISWorld estimates that in 2014, the four largest firms will account for less than 15.0% of industry revenue.

Major retailers such as Costco have increased market share by charging far less for hearing aids than independent audiologists. Costco is able to do this because its high volume purchases reduce its costs per unit; also, the company can operate with lower profit margins because of its high sales volume. Market share concentration has also risen for the overall industry due to an increase in corporately owned locations and branded distribution locations... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hearing Aid Clinics Industry?

This industry retails hearing aids for consumers of all demographics and ages. Industry operators also frequently provide hearing tests and consultation services within the store.

Industry Products
Analog hearing aidsDigital hearing aidsBatteries and accessories
 
Industry Activities
Selling hearing aid devicesProviding audiology examinationsProviding hearing consultation services


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